ETHBTC W Pattern Makes the Case for a Macro Bull Market
It seems pretty clear to me that ETHBTC is in a multi year W pattern. The higher low on the W, with hidden bullish divergence helps confirm the pattern, as does the recent price action.
From April to May of 2025 price consolidated in a low and then surged to a local high in August when it the orange 0.382 fib level
Since then price has been cooling off to the 200SMA. I kind of feel bad for people that were expecting a death cross, because it very likely that will not be happening any time soon.
Over the next several years ETHBTC is going to chop up. Its going to stall and retrace at fib levels, previous resistance, etc. But the bias is upward.
Total2/Bitcoin
I am also very optimistic on crypto because Total2/Bitcoin is in an ascending triangle formation, also supported by hidden bullish divergence
A daily chart shows a clear break of downward sloping resistance, a breakout and a retest of the trendline as support. We are seeing price going up again after a golden cross a few months ago. Very little chance of bear market in my assessment
Others/Total3
Looks very tempting. Consolidating. About to break out. Impulse up. Probably going to stall at the 0.382 Retrace level. Time will tell. All of the speculative small caps are going to go crazy if Others/Total3 starts to barrel upward to the 1.618. If that happens we are all so pre-rich right now its crazy.
What I am doing
I've stayed biased bull. I bought dips that kept on dipping, and then I bought again. And again when it dipped further. I worked like a dog to get through the holidays so I wouldn't have to cash any out and instead still have money to buy crypto, on top of buying gifts for love ones.
I am going to buy even more.
From April to May of 2025 price consolidated in a low and then surged to a local high in August when it the orange 0.382 fib level
Since then price has been cooling off to the 200SMA. I kind of feel bad for people that were expecting a death cross, because it very likely that will not be happening any time soon.
Over the next several years ETHBTC is going to chop up. Its going to stall and retrace at fib levels, previous resistance, etc. But the bias is upward.
Total2/Bitcoin
I am also very optimistic on crypto because Total2/Bitcoin is in an ascending triangle formation, also supported by hidden bullish divergence
A daily chart shows a clear break of downward sloping resistance, a breakout and a retest of the trendline as support. We are seeing price going up again after a golden cross a few months ago. Very little chance of bear market in my assessment
Others/Total3
Looks very tempting. Consolidating. About to break out. Impulse up. Probably going to stall at the 0.382 Retrace level. Time will tell. All of the speculative small caps are going to go crazy if Others/Total3 starts to barrel upward to the 1.618. If that happens we are all so pre-rich right now its crazy.
What I am doing
I've stayed biased bull. I bought dips that kept on dipping, and then I bought again. And again when it dipped further. I worked like a dog to get through the holidays so I wouldn't have to cash any out and instead still have money to buy crypto, on top of buying gifts for love ones.
I am going to buy even more.
Zlecenie aktywne
This daily chart certainly looks promising. Price action is poking out above the resistance line begining in last august and price is also above the moving average ribbon.The MACD is undulating above zero and the DI+ is above the DI-. Very promising.
The weekly chart also looks good. We see a potential weely macd cross inbound and the DI+ is flirting with the DI-. I expect some chop around the orange box, which was the support of the head and shoulders.
And I promise every Floridian that you will all be rich... because we're gonna print some more money! Why didn't anybody ever think of this before?
~Nathan Explosion
~Nathan Explosion
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